Panasonic trims net loss, sees return to profit

A logo of Japan's electric giant Panasonic. Japanese electronics giant Panasonic Corp. said it saw a net loss of 1.1 billion dollars in the year to March 2010, much smaller than the previous year, and expected to return to profit soon.

A logo of Japan's electric giant Panasonic. Japanese electronics giant Panasonic Corp. said it saw a net loss of 1.1 billion dollars in the year to March 2010, much smaller than the previous year, and expected to return to profit soon.

Japanese electronics giant Panasonic Corp. said Friday it saw a net loss of 1.1 billion dollars in the year to March 2010, much smaller than the previous year, and expected to return to profit soon.

Osaka-based Panasonic posted a net loss of 103.47 billion yen (1.1 billion dollars), improving from a net loss of 378.96 billion yen seen a year ago.